Business Blogs News - Page 15

Onion prices shoot across major cities in country; highest selling price of Rs 110 per kg in Goa

Among the four metros, onion is being sold at Rs 76 per kg in the national capital, Rs 92 in Mumbai, Rs 100 per kg in Kolkata and Rs 80 per kg in Chennai

Paytm is looking at raising another round of $1 bn; former UK PM David Cameron may also invest

Paytm had earlier this week announced a $1 billion (around Rs 7,173 crore) fund raise led by US-based asset management firm T Rowe Price

TRAI unlikely to intervene in telecom tariffs, floor price for now; any call on issue to be taken later: Report

TRAI 's views on the issue said that making any fresh move on floor prices or intervention does not make sense at this point, given that operators have already announced plans to hike tariffs in coming days, according to sources.

Air India would be closed if not privatised, says Civil Aviation Minister; govt to secure favourable deal for all employees

On 17 November, Finance Minister Nirmala Sitharaman had said that the government is looking to wrap up the sale of state-run Air India by March 2020.

VOOT scripts unmatched loyalty fan base: Emerges as most preferred premium OTT service with 80 mn monthly active users

With 7.5 billion minutes of watch-time (as per the latest third-party source App Annie, October 19) on the app, VOOT's watch-time is more than the combined watch-time of its nearest AVOD competitors

SEBI asks CG Power to provide audit findings on fraud to ousted chairman Gautam Thapar, others

SEBI had in September debarred Thapar, CG Power's CFO and two other directors from accessing the capital market for their alleged involvement in dubious transactions

Service sector can help Narendra Modi govt achieve target of $5 trillion GDP: Piyush Goyal

Piyush Goyal said services and manufacturing need to work together, as without services, manufacturing cannot succeed and without manufacturing, services cannot grow

Cash still rules: Builders continue to ask for money for property purchases in smaller cities, says report

Despite the Income Tax Act introducing some changes for the realty sector to curb generation of black money, builders continue to ask for cash for property purchases.

Karvy Stock Broking refutes claims it has defaulted on Rs 2,000 cr loans; says owes around Rs 50 cr to clients: Report

Karvy Broking has been given 21 days time from the date of receiving the order to file its objections or responses, if any

Irdai proposes changes in vehicle depreciation calculation; invites comments from stakeholders by 16 December

For vehicles older than three years, depreciation would gradually increase from 40 percent to 60 percent up to 7 years

DGCA to IndiGo: For every new A320neo plane, ground an old one with unmodified PW engines; directive to likely affect carrier's expansion plans

PW engine-powered A320 neo planes in the fleets of IndiGo and GoAir have been facing glitches both mid-air and on-ground since their induction way back in 2016

Govt plans to amend Insolvency and Bankruptcy Code to ring-fence buyers of stressed assets from prosecution

In many of the cases under insolvency, the promoters are under investigation by various agencies, the sources said

CAIT seeks probe into alleged avoidance of tax liability by Amazon, Flipkart; appeals to Nirmala Sitharaman

CAIT said the concept of charging GST at the selling price does not hold good in such kind of supplies where the fundamental of fair market value is not observed

Bharti Airtel, Reliance Industries, 3 others may submit bids for debt-ridden RCom assets today

Varde Partners, Bharti Airtel and Reliance Industries, UV Asset Reconstruction Company (UVARCL) are among the main contenders for RCom assets

Bharti Airtel, Vodafone Idea move Supreme Court, seek review of certain directions on AGR issue

Bharti Airtel, Vodafone Idea and other telecom companies owe the government as much as Rs 1.47 lakh crore in past statutory dues.

Reaching $5 trillion GDP target by 2025 at current growth rate 'simply out of question', says former RBI governor C Rangarajan

The Narendra Modi government soon after assuming office for the second term has set a target of taking the economy to $5 trillion over the next five years.

Markets open on a cautious note: Sensex turns choppy, Nifty below 12,000-mark; Infosys among top losers, falls up to 3%

After opening on a positive note, Sensex turned choppy to trade 15.89 points, or 0.04 percent, lower at 40,559.28

National Highway Authority to start electronic toll collection with FASTag before deadline: Govt

The National Electronic Toll Collection (FASTag) programme has been implemented nationally to remove bottlenecks and ensure seamless movement of traffic

With RBI at the helm, lenders expect faster DHFL resolution; regulator-driven IBC process will accelerate case, say analysts

The comments come a day after the RBI invoked the provisions of the recently notified provisions in the IBC and superseded the DHFL board and appointed an administrator and said the company would go to NCLT shortly.

Reliance Industries overtakes British energy giant BP Plc to become 6th largest company in the world; now valued at $138 bn

The market valuation of Reliance Industries, the country's most valued firm, is fast nearing the Rs 10 lakh crore mark helped by the continuous rise in its share price. It overtook BP Plc to become the world’s sixth-largest energy company in terms of market capitalisation.

Markets start on tepid note: Sensex slips 37.41 points, Nifty below 12,000-mark; Bharti Airtel, Yes Bank among top losers

Top losers in the Senses pack included Bharti Airtel which fell up to 1.51 percent, Axis Bank 1.12 percent, Yes Bank 0.68 percent, RIL 0.56 percent and M&M 0.43 percent

Govt to set up unified regulator for IFSCs; bill to be introduced in Lok Sabha after withdrawal from Rajya Sabha

Currently, the banking, capital markets and insurance sectors in IFSC are regulated by multiple regulators—the RBI, SEBI, IRDAI

SEBI tightens disclosure norms on loan defaults, reduces time for rights issue to bolster capital markets

Sebi has made it compulsory for the top 1,000 listed companies to prepare annual business responsibility reports covering their activities related to environment and stakeholder relationships

Samsung to restart manufacturing TVs in India early next year after govt rolls back custom duty on display panels

Samsung is also in discussions with other contract manufacturers to meet the demand in the Indian market as the company is the largest player in the segment

Govt gives go-ahead to biggest privatisation drive; to sell stake in BPCL, SCI, Concor to help bridge a widening fiscal gap

In the biggest privatisation drive-ever, the Union Cabinet on Wednesday approved sale of government's stake in blue-chip oil firm BPCL, shipping firm SCI and onland cargo mover Concor

Slowdown in auto sector cyclical; govt taking steps to support through release of Rs 70,000 cr to PSU banks

Citing reasons for the slowdown in the auto sector, Javadekar said an increase in axle load limit for commercial vehicles by up to 25 percent expanded freight capacity, leading to shrinkage of new vehicle demand

Reliance Capital says shareholding in RGIC transferred to IDBI Trustee Services; does not disclose financial details

The shareholding has been transfered upon invocation of pledge by the IDBI Trustee Services, Reliance Capital said in a stock exchange filing.

Vodafone Idea presses for Rs 7,000 cr tax refund; Income Tax Department hesitant in view of fresh liability

Sources said Vodafone has to receive an aggregate of about Rs 1,000 crore from Mumbai unit of the Income Tax department and another Rs 6,000 crore from its Delhi office for multiple assessment years dating back to 2004-05

Yes Bank founder Rana Kapoor, promoter entities now hold merely 900 shares in private sector lender; RBI finds bank under-reported bad loans

Yes Bank's founder Rana Kapoor and promoter entities YES Capital and Morgan Credits have sold their remaining 0.8 percent stake in private sector lender